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Virtual Ownership

The idea of the NFT seems to be a sensible use of blockchain technology to solve a real problem instead of it being the other way around as I have seen too often in business. 

The powers that be dictate "we must have a blockchain strategy" and people down the food-chain go scurrying around to make that happen. Problems are invented only such that blockchain could be the answer to them. All these while mundane yet critical issues remain unaddressed. 

The creator of the virtual impossible furniture describes the value of NFTs well:

"For artists, being able to sell artwork in digital form directly to a global audience of buyers without using an auction house or gallery allows them to keep a significantly greater portion of the profits they make from sales. Royalties can also be programmed into digital artwork so that the creator receives a percentage of sale profits each time their artwork is sold to a new owner.

..I believe we are expanding our experience into a new hybrid era of extended reality, in which art and culture are freed from spatial and temporal constraints and the rules of experience are rewritten,"

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